CryptoAgroCash

Crypto TOP: the best places for investors

Posted on by cryptoagrocash

It seems that only those, who live far from the big cities, have never heard of what cryptocurrency is. Digital money today has taken the world by the scruff of the neck and begins to steer it as soon as they want. Earnings on cryptocurrency are becoming more and more popular and advanced because there is a whole future behind technology, the Internet, and digital space. A lot of traders make money with the help of special cryptocurrency exchanges – these are special platforms in a digital language where you can buy and sell currency. There are a lot of exchanges on the market: some of them are very young, as they appeared not so long ago, and some have already considered real veterans of the digital world.

You can read more about these exchanges (and about cryptocurrency in general) on the ChangeHero.io website, as there really is invaluable information about all pressing issues. Here you can find lots of information about the digital world and people’s wishes to invest their money.

Let’s get back to the important question on the agenda: where can I buy ethereum? What are the best places that will definitely not deceive? Is it worth it to trust a virtual place and invest your own money there?

Rating of reliable exchanges

People often pay attention not to what comes first but to the fact that the exchange is secure, reliable, and safe. No matter how popular the crypto exchange is, the trader will trust the one for which there are no signs of deception.

Binance

The exchange appeared not so long ago, it was created in 2018. This place is not boring; it is very active, so it is recommended for mobile traders who are not sitting still. There is no part to fiat here, and all trading is carried out only in cryptocurrency. The client has the opportunity to trade crypto using his own bank card (credit or debit – it does not matter). Binance has a trading commission that does not exceed 1%.

The exchange often considers the option of open-ended contracts. If you are a complete beginner and still have little understanding of crypto, then Binance gives you a gift and provides a demo account on which you can practice your trading skills. Where without affiliate programs, which in our time are very famous and convenient – and here they are also taken into account. If we consider Binance in terms of trust rating, then it is he who ranks first among many traders.

OKX.COM

The exchange was founded in 2013, so it is an order of magnitude older than Binance. This is the largest crypto exchange where you can trade cryptocurrencies. It is also convenient because the entire interface is made in 11 languages so that a person from any point in the world can use the exchange. Here you need to pass verification – and this is a prerequisite if you want to work on this exchange. Trading commissions are not as high as they seem. Cryptocurrency is acquired quickly and easily. The place is interesting and convenient also because there is a referral program for each user. Also, the creators of the exchange have released a worthwhile application for mobile phones, so you can trade currency right from home, sitting on the couch. If you are still wondering where can I buy crypto, then pay attention to this crypto exchange.

Huobi.com

This is not a young exchange that has been operating since 2013. It involves users from 13 countries, so the place can rightfully be considered large, large-scale and global. The created trades here are too popular not to talk about them: for example, all trading in the world takes 3rd place here.

Service centers of this exchange are located in large countries. The interface outdid the exchange, which is higher since here it is made in 12 languages, which means that there is another million users here. The trading range is in no way inferior to other crypto exchanges. The place is also interesting because no verification is needed here. Access is unique – it is multi-platform, i.e., Supports Windows, Mac, Android, and iOS. The exchange has the highest trust rating from many investors and has been featured in various advertisements more than once.

Exmo.me

The exchange is focused on investors from the CIS, as well as residents of Eastern Europe. The UK regulates all processes that take place in this place. Verification is also not required here, which makes it possible to trade currency much more often. The exchange breaks records in terms of the number of traders on it. There is an important feature here, which is called “quick exchange” – it is very useful because without delay it allows you to change the currency and trade it. Also, there is an option to withdraw funds in rubles, dollars, or euros – as you wish. Payment methods are unlimited, all options are provided that are convenient for the trader. There is a convenient referral program, and even the possibility of cashback is provided.

Why should you choose a crypto exchange?

Everyone who has just started their acquaintance with digital currencies sooner or later has to face such a question as choosing a cryptocurrency exchange. There is a huge selection of different cryptocurrency exchanges, each of which has its pros and cons. At the same time, some types of exchanges attract with a convenient interface, others with a large selection of tools and a set of functions, and still, others work with many currency pairs.

Equally important criteria when choosing an exchange are the rapid addition of new tokens and a large number of security settings. Please note that many experienced e-currency traders prefer not to stop at just one exchange. For example, some exchanges trade assets with high liquidity, others are great at trading altcoins, others should be used to purchase crypto tokens for the long term, and others allow you to buy or sell cryptocurrencies purchased on other sites. When choosing a trading exchange, each trader entrusts his funds to a third party. To date, decentralized platforms, where each user has full access to their own funds, have just begun to gain popularity.

Here are the main criteria to follow if you are wondering and asking yourself a question “where can I buy crypto”.

  • Read reviews about the exchange where you want to try yourself.
  • Study the size of the commission, from the smallest to the largest.
  • Take a close look at how many trading pairs are involved in the exchange.
  • It is important to consider the level of liquidity.
  • Payment options and methods are just as important as you can pay for crypto in a variety of ways.
  • If it is possible to pass verification, then be sure to do it, because it is much more hopeful.
  • If you think that the country of deployment is not so important, then you are mistaken.
  • Make sure that you are as comfortable and convenient as possible using the exchange, i.e., there should be a satisfactory interface and an easy accessible menu.

When choosing an online trading platform, one should be guided by individual plans and needs. At the same time, there are general rules for choosing a crypto exchange, which is given above. Don’t be lazy and follow them.

Selling Cryptocurrency Instantly: A Detailed Guide to Swift and Seamless Transactions

Posted on by cryptoagrocash

Cryptocurrencies have been heralded for their rapid transactions, decentralization, and borderless capabilities. The crypto landscape is vast and diverse, from the peaks of Bitcoin and Ethereum to the valleys of numerous altcoins. While purchasing cryptocurrency is often the entry point for many, there will inevitably come a time when one may need to convert these digital assets back into fiat currency or swap them for another cryptocurrency. In such scenarios, speed is of the essence. Here’s a comprehensive guide on how to sell crypto instantly.

The Demand for Speed in the Crypto World

Why the rush? Here are some reasons:

  1. Volatile Markets: Cryptocurrency prices can be notably volatile. Selling instantly can help capture a desired price point.
  2. Urgent Requirements: One might need fiat currency immediately for an unexpected expense.
  3. Strategic Moves: Quick sales can be part of a trading strategy, especially in day trading scenarios.

Steps to Sell Your Cryptocurrency Instantly

  1. Choose the Right Platform:
    • Centralized Exchanges (CEX): Platforms like Binance, Coinbase, and Kraken offer features for instant sales. They provide liquidity, ensuring that there’s always a buyer.
    • Peer-to-Peer (P2P) Platforms: Websites like LocalBitcoins or Paxful allow you to sell directly to buyers. Depending on the buyer’s chosen payment method, this can result in instant sales.
    • Crypto Swap Platforms: Uniswap or SushiSwap allow for near-instant swaps between cryptocurrencies.
  1. Be Prepared with KYC:
    • Most platforms require a Know Your Customer (KYC) verification process. Having this completed in advance ensures there are no unexpected delays when you’re ready to make a swift sale.
  1. Determine Your Selling Point:
    • Decide on a price point at which you’re comfortable selling. For those using centralized exchanges, this could mean setting a limit order (though this isn’t ‘instant’) or a market order for an immediate sale at the current market price.
  1. Execute the Sale:
    • On the chosen platform, navigate to the selling or trading section.
    • Specify the cryptocurrency and the amount you want to sell.
    • Confirm the transaction, taking note of any associated fees.
  1. Withdraw Your Funds:
    • If converting to fiat, decide how you wish to receive your money: bank transfer, PayPal, or another platform method.
    • If swapping for another cryptocurrency, ensure you have the correct receiving address.

Key Considerations When Selling Instantly

  1. Fees: Instant transactions might come with a premium. Always be aware of the fee structure on your chosen platform.
  2. Price Slippage: This is especially relevant for large orders on swap platforms. The price can change slightly between the time of transaction initiation and completion.
  3. Security: Always use reputable outlets and double-check withdrawal details. For P2P sales, use platforms that offer escrow services to avoid potential scams.
  4. Tax Implications: Selling cryptocurrencies might have tax implications based on realized gains. Always keep records of your transactions and consult with a tax professional.

The Future of Instant Cryptocurrency Sales

As blockchain technologies and financial platforms evolve, selling cryptocurrencies will become faster and more streamlined. With the integration of Layer-2 solutions, sidechains, and interoperability platforms, instant transactions soon become the norm rather than the exception. Furthermore, the continuous development of decentralized finance (DeFi) platforms and protocols will likely offer more avenues for instantaneous sales.

Conclusion

The dynamism of the cryptocurrency market often demands rapid action. Whether you’re a seasoned trader looking to capitalize on market movements or someone faced with an unforeseen financial obligation, having the knowledge and tools to sell your cryptocurrency instantly can be invaluable. Remember always to prioritize security, remain aware of fees, and understand the implications of your sales. As the world of digital assets continues to mature, those armed with the correct information will be best poised to navigate its swift currents quickly and confidently.

Italy Plans to Introduce 26% Tax on Crypto Gains

Posted on by cryptoagrocash

Italy’s recent move comes as Europe’s most crypto-friendly nation, Portugal, announced a 28% tax on short-term gains from cryptocurrency.

Portugal isn’t the only European county tightening crypto regulations- Italy is set to as well. In their 2023 budget plan, there is a 26% tax on capital gains from crypto trading proposed.

However, this tax bracket will only be effective if the crypto profits exceed 2,000 euros ($2,062.3). Italy’s tax authorities perceive cryptocurrencies and tokens as foreign currencies.

The Italian government, headed by Prime Minister Giorgia Meloni, has requested that taxpayers declare the value of their digital assets as of January 1st, 2023 in order to encourage citizens totruthfully complete their tax returns. By taxing these undisclosed holdings at 14%, they hope more people will come clean about what they own.

If the proposed law is amended in parliament, stamp duty will be extended to cryptocurrencies and disclosure obligations will also be included.

With Italy’s recent announcement, Europe’s most crypto-friendly destination Portugal has also said that it plans to tax digital asset gains. In October 2022, the country stated that anyone making short-term profits from digital assets will be taxed at a rate of 28%.

Out of Italy’s total population of 1.3 million people, only 2.3% own digital assets as of now. Even though this number is higher than thatcrypto adoption rates in other nations such as France at 3.3% and the UK at below 5%, it might still serve as a deterrence for more players to participate in the crypto space due to heavy taxes on cryptocurrency exchanges.

A multitude of crypto exchanges have been relocating to Italy because of the business opportunities available here. The Italian government approved Binance, a crypto exchange, to establish its base earlier this year.

Italian regulators have approved crypto service providers Nexo and Gemini, allowing them to serve crypto enthusiasts in Italy.

Crypto Whales Accumulating Bitcoin Amid FTX Crash

Posted on by cryptoagrocash

FTX’s recent crash has caught the crypto market off-guard, with Bitcoin (BTC) and Ethereum (ETH) prices taking a 15% hit. But even in the midst of this decline, it appears that whales are still accumulating BTC.

Dan Lim, an analyst at CryptoQuant reported that after the FTX crash, there was a significant drop in Bitcoin exchange reserves. He went on to say that this is most likely because of anxiety surrounding potential future exchange debacles. Additionally, the current global economic situation has only worsened since then.

Many traders and investors believe that the market will continue to decline in the short term, as well as over the next few months.

The FTX flash crash engineered a market plunge of more than $100 billion, and the total crypto market capitalization is now about $847 billion.

The data suggests that whales have been buying Bitcoin during the market crisis. He hinted that these whales have been accumulating Bitcoin for a long time, and are taking advantage of the decline in BTC price to add more to their holdings.

An expert has urged crypto investors to be cautious in the current market conditions which are not favorable in the long term. However, he believes that buying Bitcoin now is a wise move for whales. Nevertheless, he dropped that it’s not advisable for small investors to buy Bitcoin here and they need to respond as per the conditions.

Bitcoin prices have plunged 15% over the past seven days, with BTC currently trading at an average price of $16,949. Its 24-hour trading volume stands at a whopping $37.4 billion.

According to Glassnode, this week the shrimp alone have brought in 33.7k BTC, resulting in a 30 day increase of 51.4K Bitcoin. This is the second largest level of inflow in history and has surpassed the peak of 2017’s bull market.

The Crab (who has 1 and 10 BTC) took an aggressive approach, buying 48.7K Bitcoin off exchanges. This is similar to the 2017 bull market peak. Now whales holding more than 10 BTC have over 1591 of the circulating supply under their control.

GM From Decrypt: Dive Into the Metaverse

Posted on by cryptoagrocash

Nowadays, it’s tough to run a gaming company.

NFTs and the metaverse offer a lot of potential — but brands that embrace them often face a fierce backlash from thousands of customers.

Making matters worse, many existing blockchain-based games deliver a poor user experience… This gives negative first impressions for potential players.

Amy Wu is a woman who really knows what’s going on in the world of cryptocurrency right now.

Elizabeth joins a slew of other high-profile women in the cryptocurrency space. She was previously Lightspeed’s vice chair before leaving to become the CEO of FTX Ventures, which manages a $2 billion pool. And when it comes to predicting where cryptocurrency trends will go, following the money is always a good idea.

Amy told Decrypt’s GM podcast that she never could’ve guessed how much animosity gamers would have toward NFTs.

Fan bases that are passionate want their opinions to be known, and they’re opposed to gaming firms making compromises in the name of profit. Amy said:

“There was a lot of pushback at first against free-to-play mobile games. Customers said, ‘these games are terrible; they’re not particularly high quality.’ Those are exactly the same complaints that people have about Web3 games.”

According to Amy, consumers are yet to discover the full potential of NFTs in changing games. However, companies must be thoughtful:

“Game studios need to be more careful and deliberate about how they communicate with their players, especially when they’re adding blockchain components to a well-loved game.”

According to Amy, making a new game from the ground up would be a better approach for introducing NFTs. Indeed, Zynga — which recently stated that it plans to launch an NFT-based title this year — is doing precisely that. Despite the fact that blockchain technology will play a greater role in its product, Zynga won’t include in-game assets into popular titles such as FarmVille and Words With Friends because it believes this might confuse customers. “While blockchain technology is set to improve,” concludes Amy, “the gaming industry will not integrate gaming items into popular games like FarmVille or Words With Friends.”

“It’s a lot more difficult when you’re creating a new game as an independent studio or a large one because you’ll attract a player base that wants to play it — but transforming an established game into blockchain is trickier. So there are numerous things we’re learning in real time about what works and what doesn’t, and how to engage the community in a much more intimate way rather than startling them.”

Amy strongly believes that a giant breakthrough will arrive shortly when a studio creates an unbelievable gaming experience that demonstrates all of the ways that NFTs can be used in a “super fun” way — and agrees that some gamers will never be persuaded. (Nintendo is one of those observing from the sidelines, and told shareholders recently said that NFTs will only appear in its games if they add “joy.”)

In this jam-packed episode, Amy explains the ins and outs of venture capital — as well as how crypto-focused firms are approaching things differently than traditional finance companies. She also explains what distinguishes the greatest DeFi teams from the rest, and her expectations for how NFT innovation will develop in 2022.

Aptos APT’s Rise

Posted on by cryptoagrocash

Now the continued collapse of the crypto Market is why aptos’s rise has taken the community by surprise.

If you’ve been keeping up with the crypto headlines you might know that Aptos was built by the same team that was working on Facebook’s failed digital currency DM AKA Libra.

You might also know that Aptos received hundreds of millions of dollars of VC investment leading to speculation that apt would crash and burn the moment it began trading due to the cell pressure from early investors.

There was also speculation that the listing of Apt Futures could suppress its price.

For reference many people believe that internet computers ICP coin crashed and burned because crypto exchanges listed futures for ICP long before the coin began trading.

Now I can’t say I know enough to accept or reject this Theory but I do know it had Aptos fans concerned about apt when the Aptos mainnet launched last Monday.

It was clear that Futures manipulation was the least of the crypto Project’s concerns.

Aptos uses reported speeds as slow as four transactions per second, this was a far cry from the 160 000 TPS the project claimed it could handle.

To add insult to injury Aptos apparently only released the tokenomics for apt the day after its main net had launched/.

Aptos also announced that it would be airdropping apt to early Network participants, not surprisingly apt crashed in response to all this chaos.

However apt has since recovered and even hit a new all-time high over the weekend.

This is likely due to the hype around Aptos NFTs combined with the surprisingly restrictive vesting schedule for APT.

As you can see the first big vesting Cliff won’t occur until November next year.

Now this is a smart move on the part of the Aptos team because it means there won’t be very much cell pressure from early investors in the depths of the crypto bear Market.

All the most aggressive vesting Cliffs are conveniently placed around the time, the next crypto bull market should come around.

Does this mean that APT could perform well during the crypto bear Market? well, yes and no.

Aptos is a brand new smart contract cryptocurrency with a very small ecosystem relative to its peers, this means that most of APT’s price action is coming from speculation and the proof is in the Bitcoin dominance.

Bitcoin’s dominance has remained remarkably low during the crypto bear market and this is actually extremely bearish for Aptos and other altcoins.

That’s because it suggests that the retail speculation has yet to be properly flushed out of the crypto Market, not only that but Aptos has a very unique risk compared to other smart contract cryptocurrencies, it was created by developers who worked on a digital project that was literally crushed by Regulators around the world.

Regulators may be biased but they’re not dumb.

For the most part if Facebook, Instagram, WhatsApp or any of Meta’s other subsidiaries and operations happen to adopt Aptos you can bet that’s going to raise a whole lot of red flags at the three letter agencies.

Anything that resembles what Libra AKA DM was trying to do will most likely result in regulatory scrutiny.

Now this analysis barely scratches the surface of Aptos.

Great British Pound Collapse

Posted on by cryptoagrocash

Now as disappointing as Link’s price action has been it’s nothing compared to the price action of the Great British pound, one of those words is clearly redundant, which has been absolutely brutal.

My beloved British pound fell by a full four percent against the US dollar last Monday.

That’s more than most coins on that day.

God Save the King, indeed in all seriousness it’s important to remember that the pound has been falling against the US dollar for decades.

This has been the case ever since the pound stopped being the world’s Reserve currency around World War one.

Note that the US dollar became the world’s Reserve currency after World War II, since that time a series of crises have taken the pound ever lower.

This time it was the UK’s energy crisis, specifically the UK government’s response to said energy crisis.

Our new prime minister and her Chancellor saw it wise to simultaneously spend billions of pounds to subsidize energy while also cutting taxes for the rich.

This is called burning the candle at both ends and it’s a concept that many people in power don’t seem to be familiar with, that’s probably because they’ve never had to live with the consequences of their decisions.

In this case that was the sudden insolvency in the UK debt Market which threatened UK pensions.

The UK’s currency crisis also threatened BlackRock which in turn threatened to Halt trading of UK government debt on its platform.

For reference BlackRock is the largest asset manager in the world and there’s no way in hell it’s going to lose money because of some BS government policy.

Anyways the bank of England subsequently bailed out the bond market and vowed to do whatever it takes to protect the pound from completely imploding.

So far so good, but it’s quite possible that the worst is yet to come.

That’s because the UK is facing an energy shortage like the rest of Europe.

Given that all international trade is done in US Dollars, the UK will have to sell large amounts of British pounds to get the dollars, it needs to buy energy this will further suppress the pound.

At the same time the bank of England is way behind the curve on inflation interest rates are a measly 2,25 while inflation continues to flirt with the double digits.

Meanwhile over in the states the FED continues to flex its muscles and is dedicated to crushing inflation at all costs.

At the end of the day it doesn’t matter though because all Fiat currencies are doomed to fail, the British pound happens to hold the record as the longest surviving fiat currency, it’s been around for over 325 years, but that doesn’t mean it’s immune from economics and human fallibility.

The moment you give a person the power to print currency eventually that power will be abused to a point.

That said currency becomes worthless, this has been proven time and time again throughout history and it’s a lesson that many countries are going to learn the hard way in the not so distant future.

What Should You Do Before Buying Cryptocurrency?

Posted on by cryptoagrocash

It’s easy to invest in cryptocurrency: simply acquire a virtual wallet on your phone, open it, and generate an address. With crypto increasingly talked about in the news and mentioned among friends, it might be tempting to dive right in. However, crypto may not be a suitable investment for you currently — or ever — depending on your financial situation and appetite for risk.

“I am a big fan of crypto, but I don’t think the general public should be investing in it,” says Tyrone Ross, CEO of Onramp Invest, a cryptoasset platform for registered investment advisors.

Consider a crypto-powered ice cream sundae with cherry on top. It makes up a tiny part of the overall dessert, and not everyone wants it. You’ll need to build the rest of your meal before you pull that cherry out of the jar. That means establishing a solid financial foundation and learning everything you can about cryptocurrency before investing any real money in it, in non-ice-cream terms.

 

1. Put financial safeguards in place

First and foremost, you must be prepared for when things don’t go as planned.

Over the last year, individuals who lost income owing to the epidemic had to draw upon their savings, take on debt, or join hardship programs to pay their bills. This period has served as a harsh reminder of the importance of having an emergency fund.

Theresa Morrison, a financial planner in Tucson, Arizona warns that “When you’re young, you can feel like Superman or Superwoman,” but if the market crashes “you could easily be out of a job for nine to twelve months.” She urges people not to “underestimate systemic shocks to the market.”

Saving up six months of living expenses if you’re single, or around three months if you share them with a working spouse or partner, is advised by Morrison. But putting away even a few hundred dollars might be useful when an unexpected expense arises. Paying down any high-interest debt, such as credit card debt, can also help your financial situation by strengthening it further.

Furthermore, check that your insurance policy covers what you need it to; this way, you will have additional financial support in tough times. Life insurance is doubly important if you have someone depending on you.

2. Save and invest for future plans

Begin thinking about your short-, medium- and long-term financial objectives as soon as possible after you’ve set aside money for emergencies. Retirement is a major goal to save for, so contribute to retirement accounts (especially if you have access to a plan with an employer match). However, make certain savings targets for other critical life transitions.

“The majority of people wish to travel every year, purchase a home in 10 years, and marry in 10 years. These expenditures need money,” Morrison points out. “Put down how much it will cost today’s dollars and calculate how much you’ll save from your pay each month. From my experience, that can be as much as $1,000 per month on its own.”

3. Get educated about cryptocurrency

You’ve got the cash and you’re ready to join the crypto wagon, but you have no idea how someone purchases it. Or how it will affect your overall financial plan. Or if it’s too dangerous for you.

Before you spend any money, make sure to research everything about cryptocurrency that you can. Understand the market and learn what investment strategies would work for someone with your personality type.

“You have to go through a process to see if this new asset class is suitable for you. What are your plans? How old are you? What are your aspirations? Are you tech-savvy enough to understand what it means to have these assets and not be insured? If something terrible happens, who in your family knows how to retrieve the items?” Ross adds. “People don’t do adequate research before putting money into anything. That isn’t the most exciting answer, but it’s true.”

If you still want to dabble in crypto, start small

Once you understand how crypto works, you can start to think about allocating some of your extra cash (after you pay your bills and save monthly) toward it. Ross recommends investing $500 or less so that even if everything goes wrong, it’s an amount you were comfortable losing.

Danny Lee, a financial planner located in Denver, stated: “If you choose to invest in cryptocurrency, do so with the mindset that it’s equivalent to throwing your money away. It likely will never be recovered.” At the end of the day, cryptocurrencies are nothing more than speculative investments.

Do Kwon and Terra saga continues!

Posted on by cryptoagrocash

Speaking of crypto regulation it appears that Terra co-founder Do Kwan is officially being targeted by South Korean authorities.

This is because they issued an arrest warrant for him last week almost exactly four months to the day that Terra went to zero.

The TLDR is that Terra’s novel mint and burn mechanism for its UST stablecoin failed causing both UST and Terra’s Lunacoin to tank spectacularly.

As a result over 60 billion dollars was wiped from the total crypto market cap in the span of a few days.

Though some have suggested that Terra resulted in a 600 billion loss it’s important to remember that there were other macro factors weighing down the crypto market at that time.

In any case Luna and UST holders who saw their crypto portfolios fall to zero have been experiencing unbelievable pain since that time and have understandably been looking for retribution.

Many have placed the blame on Do Kuan hence why the recent arrest warrant is so significant.

It’s safe to say that Do’s behavior after Terra’s collapse has only resulted in more scrutiny from the Terra community.

From what I’ve seen Do has been quite unapologetic and unsympathetic.

The news that he had fled Singapore only added fuel to the fire and led to speculation that he was evading authorities.

Note that South Korean authorities reportedly announced they were going to nullify the passports of Do and other core Terra developers just a few days earlier.

I’ll also note that Do and co are being targeted for more or less the same reasons why the SEC is cracking down on crypto securities laws.

Not surprisingly all this news caused Terra’s new lunar coin along with its old rebranded Lunk and USTC coins to crash.

Some of you may recall that all three were pumping last week and I predicted in last week’s crypto review that these pumps wouldn’t last.

I reckon anyone could have predicted that what is surprising however is that Luna Lunk and USTC didn’t really react to the news that Do is not on the run and is cooperating with South Korean authorities.

Do explained on twitter that he and the Terra team are being targeted by authorities in multiple jurisdictions which is to be expected.

Regardless I must stress that Terra cryptocurrencies are standing on some seriously shaky ground especially Lunk and USTC.

It’s not clear whether any of these crypto projects will survive and their prices are likely to be extremely volatile as the case against Do and co continues to unfold.

Who Is Satoshi Nakamoto?

Posted on by cryptoagrocash

The name Satoshi Nakamoto was used by the Bitcoin cryptocurrency’s creator(s). Despite the fact that Satoshi Nakamoto is frequently connected to Bitcoin, no one has ever been able to identify the individual represented by the name.

Many people believe that it is a pseudonym for someone else or a group of individuals. Learn more about this legendary and nameless developer.

The Satoshi Nakamoto persona was active during the early days of Bitcoin, appearing to work on the first version of the software in 2007.

The only way to communicate with Nakamoto was through email, which made it difficult to discover who was really behind the name.

Nakamoto’s involvement with Bitcoin came to an end in 2010. The last communication anyone had with Nakamoto was in an email to another crypto developer, in which he or she announced that they “had moved on to other things.” Because fans have been unable to attach a face to the name, there has been a lot of interest surrounding Nakamoto’s identity, especially given the fact that cryptocurrencies have grown in number, popularity, and recognition.

Satoshi Nakamoto’s publication of a paper in 2008 introducing cryptocurrency to a wider audience began its rise to popularity.

The article, Bitcoin: A Peer-to-Peer Electronic Cash System, detailed the use of a peer-to-peer network to address the issue of duplicate spending.

At the time, Bitcoin was not a new concept; several projects to create a digital currency had previously failed. However, Bitcoin addressed an important problem.

A digital currency or token can exist in more than one transaction at a time—unlike physical currencies, which can only exist in one place at any given moment. Because digital currency doesn’t take up physical space, it’s possible to use it for multiple transactions without removing it from someone’s possession. Therefore, the same unit of cryptocurrency could be spent more than once (a process known as “double-spending”), creating inflationary pressures.

Given that digital currencies are often counterfeited, previous solutions to this problem utilized third-party intermediaries who could confirm whether the currency in question had already been spent. In most situations, such as with banks, these parties were able to manage transactions without increasing the risk involved.

Even though this trust-based model exists, it still causes extra costs and the potential for fraud. In history, third parties that were trusted have turned out not to be dependable. It is not always the agencies giving the validation services that can’t be reliable—it is sometimes the people taking part in the deals that are dishonest.

As a result, humans must be entirely eliminated from the equation. Cryptography and autonomous group consensus methods are currently the only means to escape human influence in finance.

Satoshi Nakamoto developed a decentralized approach to transactions that included ledgers, a network, Merkle roots and trees, timestamps, incentives, cryptography, and a consensus mechanism.

The timestamps are added to transaction information in a blockchain, and data is encrypted using advanced cryptographic methods. The encrypted data cannot be tampered with but must be verified by the network. Because of proof-of-work consensus, transactions must be validated based on a majority decision process called proof-of-work.

The fact that the ledger is spread out amongst many nodes makes it nearly impossible for anyone to gain enough control of the system and tamper with the records. The blockchain uses a lot of computational power to encrypt its ledgers, which acts as a deterrent against small-scale attacks. To successfully hack the blockchain, hackers would need a network that could validate and create blocks faster than the current network. They would then need to introduce the new blockchain into the main network at an opportune moment in order to overwrite it. Additionally, they’d have to deploy several other blockchain attacks simultaneously.

Bitcoin’s blockchain has aided in the identification of Satoshi Nakamoto’s probable addresses to a high degree of certainty. Satoshi has approximately 1 million bitcoin, according to chain analysis from RSK Labs’ Sergio Demián Lerner, the company’s chief scientist. These addresses date back to the launch of Bitcoin in 2008.

While the identity of Satoshi Nakamoto has not been identified to anyone, it is believed that the value of bitcoins under his or her control—which is thought to be around 1 million in number—is huge. Given that the maximum possible quantity of bitcoin is 21 million, Satoshi Nakamoto’s 5% stake in the overall amount of bitcoin has significant market strength. Several individuals have been suggested as “the real” Satoshi Nakamoto, but none have been positively identified as such.

Dorian S. Nakamoto is a California-based academic and engineer who was identified by Leah McGrath Goodman as the inventor of Bitcoin in a Newsweek feature in March 2014. In her story, McGrath wrote that “the Newsweek investigation led to a 64-year-old Japanese-American man whose name really is Satoshi Nakamoto,” but further research debunked this claim.

Hal Finney was one of the first people to get involved with Bitcoin, and he continued to be active in the community after it launched. He was also the first person to receive Bitcoin in a transaction.

Finney’s childhood home, or at least part of it, may have been the inspiration for Satoshi Nakamoto’s name. His grandparents lived in a two-story red brick building on Utah Street near Boylston Street; his parents resided across town on Temple Place Terrace. He also coincidentally lived a few blocks from Dorian Nakamoto, who, according to legend, might have served as the model for Satoshi’s pseudonym.

In 2005, Nick Szabo wrote a blog post detailing a digital currency called “Bitgold” that would not rely on trusting third parties.

The option of Szabo is also no longer possible.

Dr. Wright is one of the more colorful personalities to have been named as Satoshi Nakamoto’s creator. Dr. Wright, an Australian academic and entrepreneur, has claimed to be Satoshi on several occasions and even gone to court over ownership of the Satoshi name. In December 2021, a jury rejected Wright’s claims against Kleiman’s estate, which argued that he and David Kleiman together invented Bitcoin and was thus entitled to half of Wright’s purported 1.1 million BTC fortune.

However, the jury and court decided that Wright and Kleiman collaborated on the project in some fashion, giving the estate $100 million.

A court in the United Kingdom ordered Bitcoin.org to remove the Bitcoin whitepaper from its website in 2021, claiming that Wright held some sort of intellectual copyright over the document.

It’s no surprise that many individuals want to know who Satoshi Nakamoto is and where he or she came from. It’s only natural for people to wonder who Satoshi Nakamoto really is, given the impact that his or her ideas have had on modern society. It’s conceivable that Bitcoin won’t exist in the future, but blockchain technology developed by Nakamoto and advancements made using it are likely to endure for a long time.